Effort, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Effort Neighborhoods Since 2000




Effort, PA Real Estate Data


Effort Housing Market Information

With 2,214 people, 781 houses or apartments, and a median cost of homes of $178,686, Effort real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Effort, accounting for 93.05% of the town's housing units. Other types of housing that are prevalent in Effort include mobile homes or trailers ( 3.58%), large apartment complexes or high rise apartments ( 2.50%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Effort. Owner-occupied housing accounts for 75.16% of Effort's homes, and 93.59% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Effort built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Effort built between 2000 and later ( 24.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.20%). There's also some housing in Effort built before 1939 ( 1.85%).

Vacant housing appears to be an issue in Effort. Fully 15.20% of the housing stock is classified as vacant. Left unchecked, vacant Effort homes and apartments can be a drag on the real estate market, holding Effort real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Effort Home Appreciation Rates

Homes have actually lost value in Effort over the last then years, as home values have seen a decline of 25.10% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Effort home appreciation rates at -10.15%, which equates to an annual appreciation rate of -34.84%.

Appreciation rates are so strong in Effort that despite a nationwide downturn in the housing market, Effort real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Effort appreciation rates continue to be some of the highest in America, at 6.48%, which is higher than appreciation rates in 79.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Effort. Effort appreciation rates in the latest quarter were at -10.15%, which equates to an annual appreciation rate of -34.84%.

Notably, Effort's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Effort's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$178,686

Effort, PA HOME PRICES

Value Range
> $945,000 0.1
$709,001 - $945,000 0.2
$473,001 - $709,000 2.9
$378,001 - $473,000 1.5
$284,001 - $378,000 7.6
$189,001 - $284,000 33.1
$95,001 - $189,000 41.4
$47,001 - $95,000 8.4
$0 - $47,000 4.8

High for PA
High for Nation

Value Relative to Nation Value Relative to State
39.7610821572876 30.7246376811594

Number Of Homes And Apartments:
781

Rent & Ownership

 

Average Market Rent:
$1,063 / per month

Homeownership Rate

Homeownership
Owners 75.16
Renters 24.84
Vacant 15.20

Housing Market Details

 

Age of Homes

AGE OF Effort HOMES
2000 or Newer 24.2
1970 - 1999 58.7
1940 - 1969 15.2
1939 or Older 1.8

Types of Homes

TYPE OF Effort HOMES
Single-Family 93.1
Townhomes 0.9
Small Apt. Buildings 0.0
Apt. Complexes 2.5
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Effort HOMES
No Bedroom 0.00
1 Bedroom 4.89
2 Bedrooms 0.00
3 Bedrooms 72.64
4 Bedrooms 20.96
5 or more bedrooms 1.52

Effort Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
15.57% 0.85% 1 2
* 10 is highest